Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 425.207 - Authorized Investments for All Funds: Shares of Savings and Loan Associations(a) Subject to this section, an insurer may invest any of the insurer's funds and accumulations in a share, stock, share or savings account, or investment certificate of a savings and loan association engaged in business in this state that is qualified to participate in insurance issued by the Federal Deposit Insurance Corporation.(b) An insurer's investment in a savings and loan association may not exceed 20 percent of the savings and loan association's total assets.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.